Malaysian stocks soar

Malaysian stocks soar

HONG KONG (Reuter): Aggressive foreign-led buying inspired local funds yesterday to propel Malaysia's stock market to more than double recent average volumes, traders said.

Elsewhere in Asia, stock markets were mixed.

In Kuala Lumpur, the Composite Index soared 17.79 points or 1.94 percent to 935.00.

Volume was 207.7 million shares against 131.6 million previously. Average volume in past weeks has been below 100 million.

In Hong Kong, stocks finished moderately higher, the Hang Seng Index up 49.52 points to close at 9,501.61.

In Tokyo, the 225-share Nikkei index finished at 18,239.84, against the day's low of 18,213.33. It had risen to 18,372.16.

In Singapore, the benchmark Straits Times Industrials Index gained 4.58 points to end at 2,107.22, off its high at 2,115.68.

In Sydney, the All Ordinaries index was 16.4 points higher at 2155.2.

The Financial Times-Stock Exchange index of 100 leading British shares had risen 17.3 points to 3,621.4.

In Paris, the CAC-40 share index dropped 1.08 to 1,871.85.

The 30-share DAX in Frankfurt was down 4.33 at 2,200.73.